KIPP Minnesota
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$11,751,169
Government Grants
74%
Other
18%
Contributions
6%
Investments
<1%
Program Services
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$9,300,668
Salaries & Benefits
49%
Fees to Service Providers
19%
Other
15%
Offices, Occupancy & IT
14%
Depreciation
4%
Interest
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$1,337,797
$734,432
-45%
Government Grants
$10,533,631
$8,713,486
-17%
Fundraising Events
$0
$0
-
Program Services
$10,074
$44,778
+344%
Membership Dues
$0
$0
-
Investments
$21,589
$90,876
+321%
Other
$191,345
$2,167,597
+1033%
Total Revenues
$12,094,436
$11,751,169
-3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,205,788
$4,533,680
-27%
Fees to Service Providers
$1,002,485
$1,749,224
+74%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$1,621,074
$1,280,523
-21%
Interest
$0
$26,939
-
Depreciation
$334,021
$332,431
0%
Other
$2,255,872
$1,377,871
-39%
Total Expenses
$11,419,240
$9,300,668
-19%
Net income
2023
2024
Change
Net income
+$675,196
+$2,450,501
+263%
Functional Expenses
Summary
2023
2024
Change
Program
$9,492,857
$7,539,168
-21%
Admin
$1,926,383
$1,761,500
-9%
Fundraising
$0
$0
-
Total Expenses
$11,419,240
$9,300,668
-19%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)